Crypto News
From Reagan to Covid: The Factors Behind America’s $36.51 Trillion Debt
A perennial inquiry among financial circles—from bitcoin enthusiasts to gold stalwarts—centers on the U.S. national debt’s vertiginous climb to $36.51 trillion by Feb. 22, 2025. Contrary to the specious assertions of certain commentators who simplistically blame tax reductions, the crux lies in three interlocking forces: expansive fiscal outlays, unrelenting shortfalls between revenue and expenditures, andSource link
Ye’s Crypto Gamble: Rumor Mill Links YZY to BNB Launch and Doginal Connection
Kanye West, legally known as Ye, plans to introduce a meme-inspired cryptocurrency named YZY — a move that comes even after he publicly condemned such tokens as manipulative and driven by empty buzz. Ye Follows CZ on X Causing Binance Listing and Doginal Link Whispers The polarizing music icon, Ye, whose Yeezy brand will reportedlySource link
Ethereum ‘Roll Back’ Suggestion Has Sparked Criticism. Here’s Why It Won’t Happen
On Friday, cryptocurrency exchange Bybit was allegedly hacked by North Korea’s Lazarus group, which drained nearly $1.4 billion in ether (ETH) from the exchange.Following the hack, Arthur Hayes, BitMEX co-founder and claiming to be a major ether (ETH) holder, wrote a post on X to Ethereum co-founder Vitalik Buterin on whether he will “advocate to roll back the chain to help @Bybit_Official.” Meanwhile, in an X spaces session, Bybit’s CEO Ben Zhou revealed that his team had also reached out to the Ethereum Foundation to see if it was something the network would consider, noting that such a decision should be based on what the network's community wants.Hayes's post immediately provoked a fierce reaction from the Ethereum community, which was...
Report: SEC Concludes Opensea Probe, Drops Enforcement Threat Over NFTs
The U.S. Securities and Exchange Commission (SEC) has reportedly ended its investigation into Opensea and will not pursue enforcement action against the non-fungible token (NFT) marketplace over allegations that its NFTs constituted unregistered securities, the company confirmed to Bloomberg this week. Following Coinbase, SEC Ends OpenSea Investigation Under Trump’s Regulatory Climate Opensea, a leading nonfungibleSource link
Bybit Sees Over $4 Billion ‘Bank Run’ After Crypto’s Biggest Hack
Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered a near $1.5 billion hack that saw hackers, believed to be from North Korea’s Lazarus Group, drain its ether cold wallet.The total assets tracked on wallets associated with the exchange plunged from around $16.9 billion to $11.2 billion at the time of writing, according to data from DeFiLlama. The exchange is now looking to understand exactly what happened.In an X spaces session, Bybit’s CEO Ben Zhou revealed that shortly after the incident, he called for “all hands on deck” to serve their clients with processing withdrawals and responding to inquiries about what was going on.During the session, Zhou revealed that the security breach saw the...